Mark Cuban pointed out on his blog last week that President Elect Obama has made his first mistake: he failed to appoint a single entrepreneur to his economic advisory team, when it is clear that "entrepreneurs that start and run small businesses will be the propellant in this economy." He suggested that the new President should "ask the people who are actually starting new businesses what they need," so that the government doesn't adopt policies that will backfire by hurting entrepreneurs.
This morning I watched a 1 hour documentary on the Biography Channel about Sam Walton, the founder of Wal-Mart, who by 1985 was the richest man in the United States. It was especially interesting to see how he grew up during the Great Depression, and how many of his values and goals were shaped by watching his father eek out a living during the depression.
A few months ago, after feeling the initial rush of getting a million users of our Facebook app We're Related in just 29 days, I set up a Facebook group with an admittedly dumb name: Utah CEOs With a Facebook Strategy. It now has 488 members. We met a couple of times in Provo earlier this year. Jason McGowan and Michael Jensen from our team at FamilyLink.com shared with about 30-40 attendees how to build an app that is viral and can scale, and I tried to pump the Facebook opportunity as well as I could. I'm a true believer in what Facebook did with their Platform, as you will see from my original blog post the day they announced it, back in May 2007, when I predicted that Facebook would become the world's leading social network.